نشر
Bluechip
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Bitcoin, Ethereum, and the Changing Architecture of Crypto Markets
Three data points from 2025:
▪️Bitcoin institutional holdings reached ~12% of total supply
▪️Ethereum L1 fee revenue declined 85% as activity shifted to Layer 2s
▪️Solana stablecoin supply expanded 186% amid strong user growth
CoinDesk Research examines these parallel trends and their implications for protocol design, token economics, and capital deployment.
Three data points from 2025:
▪️Bitcoin institutional holdings reached ~12% of total supply
▪️Ethereum L1 fee revenue declined 85% as activity shifted to Layer 2s
▪️Solana stablecoin supply expanded 186% amid strong user growth
CoinDesk Research examines these parallel trends and their implications for protocol design, token economics, and capital deployment.
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